1892-O Morgan Silver Dollar New Orleans Mint Toned ANACS Certified EF40 Details
- Listing Type:
- This item is For Sale - Buy It Now
- Quantity:
- 1 available for sale
- Buy It Now For:
- $74.50
- Shipping:
- $2.00 Standard Shipping (1 to 5 business days) - (more details)
- Returns:
- 3 day money back, buyer pays return shipping - (more details)
- Certified by:
- ANACS
- Certification Number:
- 6176755
- Condition or Grade of Item:
- EF40 Details Cleaned
- Visitor Count:
- 74 views
- Payment Methods Accepted:
-
Seller Information: MajesticCollectibles (7)
Item Description
USA Coin Book Item ID Number:
718590
Coin Condition:
EF40 Details Cleaned
Certified By:
ANACS
Certification Number:
6176755
1992-O Morgan Silver Dollar New Orleans Mint Toned
ANACS Certified EF40 Details Cleaned
You will receive the EXACT coin pictured.
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History of the Morgan Silver Dollar
In the 1870's the United States had just passed through a silver panic that had caused the price of silver to plummet. Old coins that had been hoarded because of their silver value were now worth more as ordinary money at face value, so a flood of old and worn coins were now making their way into circulation. In Congress a new law was about to be passed that was intended to benefit the struggling silver mines of Nevada and other western states, and the U.S. Government was about to be required to purchase between two and four MILLION dollars worth of silver every month and convert it into silver coins.
Henry Linderman, the Director of the U.S. Mint, saw that the country had an urgent need for a new silver dollar coin, so he staged a competition between William and Charles Barber, the father and son team who had worked at the Philadelphia Mint for years, and George T. Morgan, the young new engraver that Linderman had brought over from England. Both the Barbers and Morgan came up with a design featuring a Liberty head, but Linderman preferred Morgan's design, and the Liberty Head dollar (more commonly known as the Morgan Silver Dollar) was born.
One strange characteristic of the Morgan dollar production run is that many of the earlier Morgans were actually melted down and reminted into the later Morgan dollars in 1921 (which is why many of the earlier dates are now so scarce).
Most of the Morgan dollars in collectors hands today are from the various hoards of the coins by banks and other financial institutions who could not keep the coins in circulation because they were so unpopular with customers. Since the hoards were stored in bank vaults in bags, the characteristic markings on these coins from the coins knocking together are known as bag marks. Another significant source of the coins was LaVere Redfield, a Reno, Nevada resident who had hoarded more than seven million dollars worth of Morgan dollars. His hoard was sold at auction in 1976.
Morgan dollars were originally issued every year starting in 1897 through 1904, with one reissue in 1921. The following year the Peace Dollar replaced the Morgan dollar as the Mint's standard silver dollar design, and the production of the Morgan dollar passed into history.
Payment and Shipping Details
Seller Location: Startex, South Carolina, 29377, United States
Seller IP Address:
- United States
Shipping services available:
This seller offers Discounted Shipping - Shipping Rules: Largest full shipping rate for each shipping method is applied just once. The 'additional qty shipping rate' is then applied to all remaining items. Shipping Restrictions - Shipping is not available to the following regions/countries:
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Payment methods accepted:
Return Policy:
Item must be returned within: 3 days - Buyer pays return shipping costs.
Refund will be given as: Money back
Return policy details:
Seller IP Address:
- United States Shipping services available:
| Shipping / Handling Cost | Cost For Each Additional Item | Service |
|---|---|---|
| $2.00 | $0.00 | Standard Shipping (1 to 5 business days) |
| $0.00 - Free Shipping | $0.00 | Local Pickup |
Africa: All Nations
Oceania: All Nations
Asia: All Nations
Middle East: All Nations
Southeast Asia: All Nations
Central America and Caribbean: All Nations
South America: All Nations
Payment methods accepted:
Return Policy:
Item must be returned within: 3 days - Buyer pays return shipping costs.
Refund will be given as: Money back
Return policy details:
100% Satisfaction Guaranteed!
3 Day return policy if unsatisfied for any reason
Price of item refunded upon receipt of returned item in original condition
Guaranteed Delivery in the US
3 Day return policy if unsatisfied for any reason
Price of item refunded upon receipt of returned item in original condition
Guaranteed Delivery in the US
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